Romania needs a mutually advantageous economic cooperation with Russia, President Traian Basescu told the annual meeting with the heads of diplomatic missions accredited to Bucharest on Wednesday. In his speech the Head of State also approached the subject of the relations with China, Turkey, and the Middle East…

According to the Moody's analysts, the recession is approaching its end and Romania's economy will again start to grow in the second quarter of this year. According to them, Romania will register a GDP growth of 2.3 per cent, up from the previously forecast 1.2 per cent, Mediafax reports…